Toronto-based Skyline Investments has placed another four of its U.S. hotels under contract for sale.
Skyline tried unsuccessfully earlier this year to sell its entire portfolio of 15 U.S. hotels. It has now reached piecemeal deals to sell a dozen of them, as reported by CoStar.
The four new properties under contract are expected to sell for a combined price of $31.5 million, according to Skyline’s filing. That total is about $4.2 million less than the total value of the properties on the company's books as of March 31.
The Ontario government has given the green light to Niagara Parks Commission (NPC) to redevelop the Toronto Power Generating Station (TPGS) into a five-star boutique hotel near the brink of Niagara Falls.
Mundi Hotel Enterprises Inc. has added a prominent property to its portfolio with the acquisition of the hotel component in Highline Metrotown, a mixed-use tower in Burnaby, British Columbia.
Taylor Swift’s Eras Tour kicked off its Canadian leg on November 14, 2024, at Toronto’s Rogers Centre, the first of six sold-out performances that will draw tens of thousands of fans nightly.
As 2024 progresses, the Canadian hotel industry is navigating a shifting economic landscape characterized by inflation, fluctuating interest rates, and moderated demand growth. Cushman & Wakefield’s latest report,…
